Jennifer Anne Smith Sells 22,673 Shares of Zions Bancorporation, National Association (NASDAQ:ZION) Stock

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) EVP Jennifer Anne Smith sold 22,673 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total value of $1,280,344.31. Following the transaction, the executive vice president now directly owns 29,313 shares in the company, valued at approximately $1,655,305.11. This trade represents a 43.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION traded down $1.70 during trading hours on Friday, reaching $53.42. The stock had a trading volume of 1,364,405 shares, compared to its average volume of 1,204,218. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a 50 day simple moving average of $56.03 and a 200 day simple moving average of $53.10. Zions Bancorporation, National Association has a 12-month low of $38.01 and a 12-month high of $63.22. The stock has a market cap of $7.89 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The business had revenue of $820.00 million during the quarter, compared to the consensus estimate of $787.70 million. During the same period last year, the business posted $0.78 earnings per share. The business's revenue for the quarter was up 12.2% on a year-over-year basis. On average, research analysts forecast that Zions Bancorporation, National Association will post 5.38 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Thursday, February 13th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 34.75%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ZION. Evercore ISI increased their price objective on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. UBS Group began coverage on Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $64.00 price objective for the company. DA Davidson increased their price objective on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company increased their price objective on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday, November 15th. Finally, Barclays increased their price objective on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $60.71.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of Zions Bancorporation, National Association in the third quarter valued at $583,000. Cornercap Investment Counsel Inc. purchased a new position in shares of Zions Bancorporation, National Association in the third quarter valued at $510,000. Sequoia Financial Advisors LLC grew its position in shares of Zions Bancorporation, National Association by 1.9% in the third quarter. Sequoia Financial Advisors LLC now owns 27,569 shares of the bank's stock valued at $1,302,000 after purchasing an additional 506 shares in the last quarter. State Street Corp grew its position in shares of Zions Bancorporation, National Association by 14.6% in the third quarter. State Street Corp now owns 7,041,818 shares of the bank's stock valued at $332,515,000 after purchasing an additional 896,889 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its position in shares of Zions Bancorporation, National Association by 14.2% in the third quarter. Los Angeles Capital Management LLC now owns 351,148 shares of the bank's stock valued at $16,581,000 after purchasing an additional 43,720 shares in the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Company Profile

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.